“There will come a moment when the most urgent threats posed by the credit crisis have eased and the larger task before us will be to chart a direction for the economic steps ahead. This will be a dangerous moment. Behind the debates over future policy is a debate over history-a debate over the causes of our current situation. The battle for the past will determine the battle for the present. So it's crucial to get the history straight.” MomentsPastCausesBehindsSituationStepsEconomicDangerousPolicyBattleTasksCrisisThreatInvestingDetermineCurrentsCreditDebateCrucialUrgentCurrent Situation Author:Joseph Stiglitz
“Now comes the threat of climate crisis - a threat that is real, rising, imminent, and universal. Once again, it is the 11th hour. The penalties for ignoring this challenge are immense and growing, and at some near point would be unsustainable and unrecoverable. For now we still have the power to choose our fate, and the remaining question is only this: Have we the will to act vigorously and in time, or will we remain imprisoned by a dangerous illusion?” StillsRealWould BeHoursChallengesFateGrowingDangerousIllusionUniversalCrisisThreatClimateEnvironmentalRisingSustainabilityImmensePenalties11th Hour Author:Al Gore
“These public-private partnerships are very, very dangerous. The most rotten part of the financial system in the US consisted of the government sponsored entities, Fannie Mae and Freddie Mac. They really kicked off this crisis. The state should set the rules and enforce them - but not become involved as a market player.” ShouldStatesGovernmentPlayerDangerousInvolvedCrisisFinancialPartnershipEntityRottenFinancial SystemPrivate Parts Author:George Soros
“Yes, this is a dangerous time. Yes, this is a time full of shadows and fear. But we have been through worse before and we have faced more difficult days before. We have shown courage and determination, and skillful and inventive and courageous and committed responses to crisis before.” Has BeensDifficultDangerousShadowDeterminationCrisisResponseCommittedCourageousSkillfulCourage And DeterminationDifficult Days Author:David McCullough
“If the new military elite is anything like the old one, it would, in any great crisis, tend to side with the Old Order and defend the status quo, if necessary, by force. In the words of the standard police bulletin known to all radio listeners, These men are armed -and they may be dangerous.” IfsMenMayOrderForceSidesKnownMilitaryDangerousStandardsPoliceCrisisRadioElitesListenersStatus Quo Author:Ferdinand Lundberg
“While Admiral Neffenger is an impressive man, it is naive and dangerous to pretend installing one director can heal what ails TSA, the Department of Homeland Security needs to admit that it has a crisis of bureaucratic complacency - lacking an overarching vision and coherent measures of success and failure.” MenNeedsSuccessVisionSecurityDangerousDirectorsCrisisHealDepartmentLackingNaiveImpressiveComplacencyHomelandSuccess And FailureSuccess FailureMeasure Of SuccessHomeland SecurityAdmiralTsaDepartment Of Homeland Security Author:Benjamin E. Sasse
“I was precocious enough to watch the news and read the papers, and I can remember October 1956, the simultaneous crisis in Hungary and Suez, very well. And getting a sense that the world was dangerous, a sense that the game was up, that the Empire was over.” WorldWellsI CanEnoughRememberGamesWatchesDangerousPaperNewsCrisisEmpiresPapersOctoberSimultaneousHungaryPrecocious Book:Christopher Hitchens: The Last Interview: and Other Conversations Source: Christopher Hitchens: The Last Interview: and Other Conversations
“When excesses such as lax lending standards become widespread and persist for some time, people are lulled into a false sense of security, creating an even more dangerous situation. In some cases, excesses migrate beyond regional or national borders, raising the ante for investors and governments. These excesses will eventually end, triggering a crisis at least in proportion to the degree of the excesses. Correlations between asset classes may be surprisingly high when leverage rapidly unwinds.” PeopleMayEndsGovernmentSituationClassCasesSecurityDangerousDegreesCreatingStandardsCrisisBordersProportionAssetsInvestorsExcessPersistLendingCorrelationUnwindMigrateLaxDangerous SituationsNational BordersFalse Sense Of Security Author:Seth Klarman
“Only simple ideas can be held by large groups of people. Commonly held ideas are almost always dumbed down until they are practically lies... and often dangerous ones. Once vast numbers of people have come to believe the lie, they adjust their own behavior to bring themselves into sync with it, and thereby change the world itself. The world, then, no longer resembles the one that gave rise to the original insight. Soon, a person's situation is so at odds with the world as it really is that a crisis develops, and he or she must seek a new metaphor for explanation and guidance.” PeopleWorldBelievePersonsIdeasLyingSimpleNumbersSituationGroupsDangerousBehaviorOriginalsCrisisMetaphorInsightGuidanceExplanationChanging The WorldOddsSyncLarge GroupsSimple Ideas Author:Bill Bonner
“My assessment is that we have a crisis in national political leadership. When will America recognize the danger we face? When will the corrosive partisanship of American politics end and allow for a bipartisan solution to arguably the most dangerous threat our nation has faced in over 60 years?” YearsEndsAmericaFacesPoliticalNationsDangerousDangerSolutionsCrisisThreatAmerican PoliticsAssessmentBipartisanPartisanshipPolitical Leadership Author:Ricardo Sanchez
“Each powerful player, or coalition of players, will make concessions in areas where it has relatively less at stake in exchange for other such players making reciprocal concessions in other areas where it has relatively more at stake. Such trades are collectively rational insofar as they get each of the powerful players more of what it wants. But such trades are also dangerous because the whole international rule-system will become incoherent and therefore vulnerable to crises that will continue to become increasingly severe.” WantWholePowerfulPlayerDangerousAreasCrisisTradeInternationalRationalVulnerableStakesSevereCoalitionsConcessionsReciprocal Author:Thomas Pogge
“For me, it is clear that we are currently in a period of structural crisis of capitalism going back to the 1970s, but deepening in our time. Persistent economic stagnation together with neoliberal austerity has at this point seriously undermined the stability of the liberal-democratic state and thus the political command sector of the capitalist system. This has led to a dangerous resurgence of political movements in the fascist genus, representing an alternative way of managing the state of the capitalist system, opposed to liberal democracy.” TogetherPoliticalDemocracyEconomicDangerousCapitalismCrisisStabilityCapitalistPersistentStagnation Author:John Bellamy Foster